In the second quarter, NVIDIA revenue grew 1.5 times

POSTER:computer news || IN THE SECOND QUARTER, NVIDIA REVENUE GREW 1.5 TIMES

DATE:2017-08-11

NVIDIA revenue grew by 56% per year, reaching a record $ 2 in the second quarter , 23 billion. In quarterly terms, the increase was modest - only 15%, but for such a season, and this is a very worthy change. Most of the revenue from NVIDIA still comes from gaming solutions - 53%, and in the official press release, this time not only GeForce gaming video cards but also the graphics system of the Nintendo Switch game console were awarded.

We remind you that on the 30th of July the second quarter of 2018 of the financial year ended on the NVIDIA calendar.

Net profit and operating profit of NVIDIA more than doubled in a year, but the rate of profit rose by only half a percentage point, and compared to the first quarter of this year, it even decreased by one percentage point. Blame for all the increased costs. It is noteworthy that if the "automotive" segment as a whole demonstrates a moderate but steadily growing revenue, then directly Tegra processors for a year increased NVIDIA revenues twice. Undoubtedly, here is the impact of
the contract with Nintendo.

For the first time in a long time, the "OEM & IP" segment grew, mainly due to the growth in demand for OEM solutions, but NVIDIA itself stopped receiving license fees from Intel, which previously amounted to $ 66 million for the quarter. Here there is a nuance: to the proceeds from the implementation of OEM-solutions, NVIDIA has added receipts from specialized products for "miners". We will talk about this separately today, but for now, we simply note the accompanying increase
in revenue by 54% in the annual comparison, and by 61% in quarterly terms. The segment of solutions for data centers demonstrates good dynamics. NVIDIA stresses that the accelerators of computing with the architecture of Volta in this quarter began to flow to software developers.

The head and founder of NVIDIA traditionally stayed silent until the company's CFO acted with a report prepared in advance, but actively participated in a question and answer session, which we will analyze in subsequent materials.